Atlassian Co. (NASDAQ:TEAM - Get Free Report) CEO Scott Farquhar sold 8,241 shares of the business's stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $193.35, for a total transaction of $1,593,397.35. Following the completion of the sale, the chief executive officer now owns 382,932 shares in the company, valued at approximately $74,039,902.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Scott Farquhar also recently made the following trade(s):
- On Friday, April 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $207.36, for a total transaction of $1,708,853.76.
- On Thursday, March 28th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $194.67, for a total transaction of $1,604,275.47.
- On Friday, March 22nd, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $192.73, for a total transaction of $1,588,287.93.
- On Monday, March 18th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $197.25, for a total transaction of $1,625,537.25.
- On Monday, March 11th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $214.32, for a total transaction of $1,766,211.12.
- On Friday, March 1st, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $207.85, for a total transaction of $1,712,891.85.
- On Monday, February 26th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $204.79, for a total transaction of $1,687,674.39.
- On Tuesday, February 20th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $204.63, for a total transaction of $1,686,355.83.
- On Monday, February 12th, Scott Farquhar sold 8,241 shares of Atlassian stock. The stock was sold at an average price of $218.32, for a total transaction of $1,799,175.12.
- On Wednesday, January 31st, Scott Farquhar sold 8,241 shares of Atlassian stock. The shares were sold at an average price of $251.76, for a total transaction of $2,074,754.16.
Atlassian Price Performance
Atlassian stock traded up $5.17 during trading on Tuesday, hitting $199.44. 956,020 shares of the company were exchanged, compared to its average volume of 1,694,427. The business's 50 day moving average is $201.39 and its 200 day moving average is $206.80. Atlassian Co. has a 52 week low of $128.02 and a 52 week high of $258.69. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.04.
Atlassian (NASDAQ:TEAM - Get Free Report) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.24). Atlassian had a negative return on equity of 34.56% and a negative net margin of 9.87%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.02 billion. As a group, equities analysts expect that Atlassian Co. will post -0.4 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TEAM. Baillie Gifford & Co. boosted its position in Atlassian by 20.7% in the fourth quarter. Baillie Gifford & Co. now owns 8,807,619 shares of the technology company's stock worth $2,094,980,000 after purchasing an additional 1,511,318 shares during the last quarter. Morgan Stanley boosted its position in Atlassian by 156.8% in the third quarter. Morgan Stanley now owns 1,793,700 shares of the technology company's stock worth $361,449,000 after purchasing an additional 1,095,297 shares during the last quarter. Norges Bank purchased a new position in Atlassian in the fourth quarter worth $247,740,000. Vanguard Group Inc. lifted its position in shares of Atlassian by 3.4% during the 4th quarter. Vanguard Group Inc. now owns 15,355,652 shares of the technology company's stock valued at $3,652,495,000 after buying an additional 504,181 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Atlassian by 3.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 10,237,507 shares of the technology company's stock valued at $2,435,095,000 after buying an additional 326,673 shares during the last quarter. Hedge funds and other institutional investors own 93.03% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the stock. Barclays upgraded shares of Atlassian from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $235.00 to $275.00 in a research report on Thursday, April 11th. The Goldman Sachs Group upped their target price on shares of Atlassian from $188.00 to $215.00 and gave the company a "neutral" rating in a research report on Friday, February 2nd. KeyCorp assumed coverage on shares of Atlassian in a research report on Tuesday, March 19th. They set a "sector weight" rating on the stock. William Blair restated an "outperform" rating on shares of Atlassian in a research report on Friday, February 2nd. Finally, UBS Group lowered their price target on Atlassian from $260.00 to $250.00 and set a "neutral" rating for the company in a research note on Friday, February 2nd. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $224.25.
View Our Latest Stock Report on Atlassian
About Atlassian
(
Get Free Report)
Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.
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